Dollar Holds near ThreeMonth Highs on Rates Outlook

SINGAPORELONDON, March 9 Reuters The dollar held near a threemonth high on Thursday, underpinned by Federal Reserve Chair Jerome Powell39;s message that interest rates would have to go higher and possibly faster. The yuan weakened after the government reported unexpectedly low inflation. In the second day of his testimony to Congress on Wednesday, Powell reaffirmed his message, […]
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Stocks and Dollar Nudge Lower ahead of Crucial few Days

European shares dip in early trading U.S. 2yr yields close to 15yr top, dollar near 3mth high China shares wobble, yuan weakens on soft inflation data Nikkei up 0.6, yen gains as Ueda approved as next BOJ governor Powell reaffirms hawkish guidance, March hike size not done deal LONDON, March 9 Reuters Global markets were […]
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Sterling Steadies after PostPowell Dive

LONDON, March 8 Reuters Sterling steadied on Wednesday after falling to an almost fourmonth low against the dollar as investors paused for breath after the U.S central bank chair said he is prepared for bolder rate hikes. Sterling flattened at 1.1825 after briefly touching its lowest level against the dollar since November during Asia trading […]
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Dollar Dips from ThreeMonth Highs, Rates Outlook Dominates

NEW YORK, March 8 Reuters The dollar dipped modestly from threemonth highs reached earlier on Wednesday as investors adjusted for the prospect of higher rates for longer after Federal Reserve Chairman Jerome Powell on Tuesday surprised markets with a more hawkish rate outlook. Powell said that the Fed will likely need to raise interest rates more […]
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